Implications of Potential 'Lock-In' in Markets for Renewable Energy

    Research output: NRELTechnical Report


    Nonlinear economic effects can cause unpredictable and sometimes undesirable outcomes in the marketplace. Increasing returns can lead to a self-reinforcing situation in which increasing market share leads to a more attractive product, which leads in turn to further increases in market share. This results in 'lock-in' of a technology, which cannot be overcome except by a significant shift intechnology, comsumer tastes, or other market factors.
    Original languageAmerican English
    Number of pages27
    StatePublished - 1996

    NREL Publication Number

    • NREL/TP-460-22112


    • increasing returns
    • lock-in
    • network externalities
    • virtuous circle


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